Anti-Money Laundering

Unregistered private funds have targets on their back

Firms should consider the source of the client’s funds and the jurisdiction in which the client is located, among other factors. If a client is ...

Congress is weighing legislation that would require investment advisers and other “gatekeepers” to develop and maintain anti-money laundering policies and procedures. If passed, the ENABLERS ...

The COVID-19 crisis drove up the cost of compliance by nearly $50 billion in the U.S. and Canada, a new report finds. LexisNexis Risk Solutions ...

Ransomware-related SARs filings in the first six months of this year already exceed 2020's total

FinCEN has identified eight priority threat areas that B-Ds should be incorporating into their risk-based AML programs

As with any compliance issue, your work begins with a risk assessment. You may determine your risks are so small as to justify only a modest ...

Although required by LPL’s procedures, the LPL representative never verified that the identification document photograph matched Garcia’s physical appearance before processing the account opening paperwork

Theresa Manderski, first VP, Compliance & AML Officer at Davenport & Company in Richmond, Va., shares a copy of her PowerPoint file used for her ...

OFAC now maintains an online sanctions database that’s more robust than it used to be. There are also numerous commercial databases that offer politically exposed ...